Bitwise's XRP ETF Net Assets Top $541 Million

Bitwise Leads XRP Fund Flows

Bitwise's spot XRP exchange-traded fund has pushed its net assets past the half-billion mark, reaching $541.12 million as of October 17, according to the SosoValue fund tracker. The same dataset puts cumulative net inflows into the product at $684.73 million, a figure that counts every creation since launch minus every redemption that has come back out. On most sessions since the fund began trading, Bitwise has taken in the largest slice of new XRP fund capital, and the flow record shows investors adding consistently rather than in bursts. That pace has also left Bitwise well ahead of rival XRP funds, which have drawn smaller creations since the complex opened. The inflows landed while the XRP price moved the other way: our live monitoring shows the token near $1.29, down about 1% over the past 24 hours. That demand has made the fund the leading route for XRP exposure inside traditional finance, letting investors ride the token's price moves without buying, storing and securing coins themselves through a hot wallet. For readers weighing fund wrappers against direct ownership, our guide to investing in crypto ETFs and funds sets out how the two routes differ in cost and custody.

The milestone matters beyond Bitwise's own product page. It points to steady institutional demand for XRP through a regulated US listing, a channel most asset managers could not use before spot XRP funds were approved. One caveat belongs in the same breath: an ETF's net assets and its cumulative inflows do not translate one-for-one into XRP sitting in the fund's custody accounts. Net assets are a daily mark-to-market of what the fund holds, while inflows are a flow record, and the token's price moves change the first number without any new money arriving.

Issuer Page Counts $561 Million

Bitwise's own product disclosures put the fund's holdings at a different mark. The issuer's official page showed 417,729,396 XRP held and net assets of about $561.04 million as of October 14, a Wednesday. That figure sits above the SosoValue reading for October 17, but the two carry different as-of dates, so they are not directly comparable; the fund's net assets reprice with the token every session, and XRP has spent the week trending lower. Net assets reflect the market value of what the fund owns, while cumulative net inflows measure money that arrived through creations after redemptions are subtracted, and the two rarely match. Because price moves feed the valuation while creations feed the flow record, a falling token can shrink net assets even in a week of net creations.

Third-party trackers frame the wider complex too. One ETF analytics site put combined net assets across the six US spot XRP funds at $1.54 billion as of Friday's close on October 16, counting Bitwise's XRP ETF and its Bitwise 10 Crypto Index Fund (BITW) as separate products. That aggregator's methodology has not been confirmed against SosoValue's, so the complex-wide total stands as one estimate among several. The flow picture has not been one-way across the complex either: XRP ETFs posted their first weekly outflow in 13 weeks earlier this month, with $1.84 million withdrawn, before Bitwise's fund resumed its accumulation. Bitwise announced the launch of the spot XRP product in November 2025 and listed it under the ticker XRP, holding spot XRP directly rather than through futures or synthetic structures. That design ties the fund's net asset value to the token's market price one-for-one, which is why the issuer's October 14 mark and any later reading can move apart without a single share changing hands. Investors who prefer owning the token itself, with self-custody instead of a brokerage account, can follow our beginner's guide to buying XRP directly.

Our composite support and resistance scoring frames the token's side of the story: spot trades at $1.2923, down 1.03% over 24 hours, with a bearish trend reading and the RSI at 34.20. The strongest floor sits at $1.2830, scored 100 out of 100, and the nearest ceiling at $1.3266, scored 93 out of 100, with the full set of XRP technical analysis levels on our coin page. Derivatives positioning stays long-skewed: open interest stands at $875.2 million while the perp funding rate reads a slightly negative -0.0043%. Any durable recovery also has to clear the longer-term trend; our earlier read of XRP's 2023 rally replay put a 200-day average reclaim ahead of any path back toward $3.20. The two series point apart here, fund creations against a token still inside a downtrend.